KAST will undergo a physical move to Capital G’s offices later in the year. Anne Kast, the founder of KAST will continue on with Capital G for at least three years with an opportunity of extension following the term.
After the merger, KAST and existing Capital G clients are likely to get an access to a team of investment professionals, incorporation of a strategic investment process to improve the existing process of KAST, direct access to Capital G private banking and general banking services, including credit, trust and deposits, in addition to a range of investment options.
Joel Schaefer, president and CEO of Capital G Investments, said: “KAST is an investment company that is fully licensed by the Bermuda Monetary Authority and has over $250m in assets under management spread across more than 250 clients and comes with the highly regarded president and investment Manager, Ms Kast, who is known for her distinction in client services.
“The amalgamation is part of a long-term strategic plan to grow our investment business while providing clients of the Capital G Group, which includes private banking, investments and trusts, with access to best of breed investment advice, global reach, diversification of instruments and an expanded investment management network. KAST provides Capital G with a unique opportunity to become affiliated with a strong performing and well established investment business.”
Ms Kast said: “I’ve been in the investment business for more than 35 years and part of my business model included development of a succession plan to ensure long-term security and financial growth for my clients, who are deeply valuable to me both professionally and personally.”
